Sell In May?

Here's an old adage in the financial markets: Sell in May and Go Away.

Of course, this doesn't necessarily mean that stocks will drop, it's just a saying that arose over time along with the seasons. During the summer months and as the weather heats up, volatility tends to die down, so it might be a good idea to rotate your investments around this time.

With several stock markets on or around their all-time highs and the US economy heating up at a rapid pace, now is certainly a great time for a portfolio checkup. 

Traditional Markets

Trade talks between the US and China are into their final laps or so says US Treasury Secretary Steven Mnuchin. Decision time is close but we still have little indication of what the decision may be. As Steven has stated...

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Perhaps they'll even be able to work something out before the Fed meeting tomorrow evening, which would certainly be ideal timing for us traders.

Earnings Update

Alphabet earnings flopped yesterday. Looks like Google and YouTube are actually selling fewer ads. Wait, no they're not. They're selling more ads, just less more than before. 

Revenue from advertisements grew by 15% in the first quarter of the year, their slowest growth in a while.

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Earnings per share, revenue, and many other key metrics fell short of analyst expectations and GOOG shares are expected to drop about 7% at the opening bell.

No pressure Apple.

The Bitfinex Premium

Crypto markets are still on alert following last week's Tether debacle. We spoke about it a bit, as well as other crypto drivers, in this week's interview with cointelegraph, so check that out here.

What I'm watching at the moment is the bitfinex premium that's opened up and still persists this morning. At the time of this writing, the price of Bitcoin is about $325 higher on bitfinex than it is in the rest of the market.

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This gap is a clear example of what I've been saying about Tether for months. Any sort of erosion in confidence in USDT is more likely to push the price of Bitcoin up, rather than down. As investors sell the stable coin they're more likely to buy other cryptos.

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Please note: All data, figures & graphs are valid as of April 30th. All trading carries risk. Only risk capital you can afford to lose.

Disclaimer: This content is for information and ...

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